UK renewables auction blows new life into offshore wind developments

Published 15:31 on September 3, 2024  /  Last updated at 15:34 on September 3, 2024  / /  EMEA, UK ETS

The UK awarded contracts for a record 131 renewable energy projects on Tuesday, with price bids coming in well below the maximum set by the government in an auction that the industry welcomed as a sign of renewed investor confidence in the country.

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TNFD calls for bridging gaps in ocean data to meet increasing demand

Published 15:08 on September 3, 2024  /  Last updated at 15:08 on September 3, 2024  / /  Biodiversity, International

Existing gaps in ocean data must be plugged to meet growing demand for this information, while improving corporate reporting, executives at the Taskforce on Nature-related Financial Disclosures (TNFD) told a webinar on Tuesday.

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Two blockchain platforms link up to offer voluntary carbon credit lifecycle services

Published 14:09 on September 3, 2024  /  Last updated at 02:04 on September 4, 2024  / /  Americas, Asia Pacific, EMEA, Nature-based, Voluntary

Two blockchain platforms have integrated their technologies to offer a streamlined service for the lifecycle of voluntary carbon credits, from issuance to trading, they announced Tuesday.

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PCX Markets reports 100,000 tonnes of plastic waste diverted through credits

Published 14:01 on September 3, 2024  /  Last updated at 14:01 on September 3, 2024  / /  Asia Pacific, Biodiversity, International, Other APAC

Singapore-based marketplace PCX Markets has said it has prevented 100,000 tonnes of plastic waste from dispersing in nature through plastic credit issuance in the last four years.

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UK carbon removal intermediary secures agreement to sell Bolivian biochar credits

Published 14:00 on September 3, 2024  /  Last updated at 15:59 on September 2, 2024  / /  Americas, EMEA, South & Central, Voluntary

A London-based carbon removal marketplace has secured exclusive access to the remaining credits available this year from a Bolivian biochar developer, the firms announced Tuesday.

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Pakistan’s Sindh province to generate millions of voluntary carbon credits through reforestation projects

Published 13:53 on September 3, 2024  /  Last updated at 13:53 on September 3, 2024  / /  Asia Pacific, Nature-based, Other APAC, Voluntary

The government of Sindh province in Pakistan is planning to generate tens of millions of voluntary carbon credits by planting trees along the Indus River in a massive reforestation initiative, an official told Carbon Pulse.

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COP29 host launches support platform to aid developing nations submit climate reports

Published 13:48 on September 3, 2024  /  Last updated at 13:48 on September 3, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International

COP29 host nation Azerbaijan has launched a platform to help developing nations with their submission of climate progress reports.

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UK govt sells first statutory biodiversity credits

Published 13:35 on September 3, 2024  /  Last updated at 13:35 on September 3, 2024  / /  Biodiversity, EMEA

The UK government is selling its first batch of statutory biodiversity credits under the biodiversity net gain (BNG) scheme to a developer for an estimated total of £35,120.

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Developer using AI to produce carbon removal technology open-sources model

Published 13:00 on September 3, 2024  /  Last updated at 14:41 on September 3, 2024  / /  EMEA, US, Voluntary

An industrial technology developer using artificial intelligence (AI) to design and deploy new climate technologies has open-sourced an AI model, with its first product set to be a carbon removal technology, in the early stages of commercialisation.

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South Korea to expand participation and curb surplus in national ETS

Published 12:35 on September 3, 2024  /  Last updated at 12:38 on September 3, 2024  / /  Asia Pacific, South Korea

South Korea is planning to extend participation and curb permit surplus in its emissions trading system, as the government seeks to reverse the dynamics in the struggling market.

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